Linklaters’ revenue and profits rise

LINKLATERS will be the latest magic circle law firm to return to growth when it releases its 2010-11 numbers this morning, with revenues and profits both on the rise.

Revenue was up 1.4 per cent year on year, from £1.18bn last year to £1.2bn, with profits climbing 1.5 per cent to hit £514.8m.

Growth in the firm’s profit per equity partner measure increased to £1.225m, up 0.9 per cent from 2009-10.

“The second half of last year was very strong compared to the first,” managing partner Simon Davies told City A.M. “That strong momentum has continued, and we’re seeing good levels of activity.”